stockrowSphere Entertainment Co.
SPHR Communication Services Entertainment
Sphere Entertainment Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 18.8% from fiscal 2024.
- Revenue
- +11.0%
- EPS
- −125.6%
- Free cash flow
- −92.9%
- Total debt
- −12.3%
Quarter to June 2026, against a year earlier
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Sphere Entertainment Co. (SPHR) Free cash flow margin
Sphere Entertainment Co.'s free cash flow margin over the twelve months to 30 June 2026 was 26.5%, up 6.8 percentage points from fiscal 2025 (19.7%). Over the past ten years it has ranged from −122.6% (fiscal 2023) to 19.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Entertainment industry median of 4.34% and above the Communication Services sector median of 1.73%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 19.7% | 49.78 |
| FY2024 | −30.1% | 92.45 |
| FY2023 | −122.6% | (13.76) |
| FY2022 | −108.8% | (23.94) |
| FY2021 | −84.9% | (74.49) |
| FY2020 | −10.4% | (10.39) |
| FY2019 | 0.00% | 8.80 |
| FY2019 | −8.80% | (8.80) |
| FY2018 | 0.00% | 4.35 |
| FY2018 | −4.35% | (4.35) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| VSNT Versant Media Group, Inc. compare | 46.2% |
| MSGE Madison Square Garden Entertainment Corp. compare | 30.5% |
| SPHR Sphere Entertainment Co. | 26.5% |
| CNK Cinemark Holdings Inc compare | 9.39% |
| LION Lionsgate Studios Corp. compare | 3.37% |
| AMC AMC Entertainment Holdings, Inc. compare | −0.35% |
| MANU Manchester United Ltd. compare | −7.51% |
| BATRK Atlanta Braves Holdings, Inc. compare | −12.2% |
| BATRA Atlanta Braves Holdings, Inc. compare | −12.7% |
| Entertainment industry median | 4.34% |
| Communication Services sector median | 1.73% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on SPHR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Altman Z-score
- The full statement